Millennium Management LLC Has $9.09 Million Stock Holdings in American Assets Trust, Inc. (NYSE:AAT)

Millennium Management LLC increased its holdings in shares of American Assets Trust, Inc. (NYSE:AAT) by 22.3% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 346,167 shares of the real estate investment trust’s stock after buying an additional 63,023 shares during the quarter. Millennium Management LLC owned 0.57% of American Assets Trust worth $9,090,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors have also recently bought and sold shares of AAT. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its position in American Assets Trust by 3.7% during the 4th quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 27,250 shares of the real estate investment trust’s stock worth $716,000 after acquiring an additional 971 shares during the period. New York State Common Retirement Fund lifted its position in shares of American Assets Trust by 6.1% in the fourth quarter. New York State Common Retirement Fund now owns 17,831 shares of the real estate investment trust’s stock worth $468,000 after purchasing an additional 1,019 shares in the last quarter. One Wealth Advisors LLC boosted its holdings in shares of American Assets Trust by 7.9% during the fourth quarter. One Wealth Advisors LLC now owns 13,949 shares of the real estate investment trust’s stock worth $366,000 after purchasing an additional 1,023 shares during the period. Federated Hermes Inc. grew its position in American Assets Trust by 62.7% during the fourth quarter. Federated Hermes Inc. now owns 2,827 shares of the real estate investment trust’s stock valued at $74,000 after purchasing an additional 1,089 shares in the last quarter. Finally, KBC Group NV increased its stake in American Assets Trust by 56.5% in the 4th quarter. KBC Group NV now owns 3,217 shares of the real estate investment trust’s stock valued at $84,000 after buying an additional 1,161 shares during the period. 90.43% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of equities research analysts have issued reports on the stock. Morgan Stanley decreased their target price on shares of American Assets Trust from $24.00 to $20.00 and set an “equal weight” rating for the company in a research note on Thursday, April 24th. Wall Street Zen raised American Assets Trust from a “hold” rating to a “buy” rating in a research report on Saturday. Finally, Mizuho dropped their target price on American Assets Trust from $28.00 to $22.00 and set a “neutral” rating on the stock in a research report on Tuesday, February 25th.

American Assets Trust Price Performance

Shares of AAT opened at $19.03 on Monday. The company has a debt-to-equity ratio of 1.80, a quick ratio of 8.17 and a current ratio of 8.17. The firm has a market cap of $1.16 billion, a PE ratio of 21.38 and a beta of 1.13. The firm’s 50 day moving average price is $19.23 and its 200 day moving average price is $22.87. American Assets Trust, Inc. has a twelve month low of $16.69 and a twelve month high of $29.15.

American Assets Trust (NYSE:AAT) last released its quarterly earnings results on Tuesday, April 29th. The real estate investment trust reported $0.52 earnings per share for the quarter, beating analysts’ consensus estimates of $0.45 by $0.07. American Assets Trust had a net margin of 12.40% and a return on equity of 4.98%. The business had revenue of $108.61 million for the quarter, compared to the consensus estimate of $112.05 million. As a group, research analysts expect that American Assets Trust, Inc. will post 1.94 EPS for the current fiscal year.

American Assets Trust Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Thursday, June 19th. Shareholders of record on Thursday, June 5th will be issued a dividend of $0.34 per share. The ex-dividend date of this dividend is Thursday, June 5th. This represents a $1.36 annualized dividend and a yield of 7.15%. American Assets Trust’s dividend payout ratio (DPR) is currently 107.09%.

American Assets Trust Company Profile

American Assets Trust, Inc is a full service, vertically integrated and self-administered real estate investment trust ("REIT"), headquartered in San Diego, California. The company has over 55 years of experience in acquiring, improving, developing and managing premier office, retail, and residential properties throughout the United States in some of the nation's most dynamic, high-barrier-to-entry markets primarily in Southern California, Northern California, Washington, Oregon, Texas and Hawaii.